Asana Medical Financing

Asana Medical, Inc., Corporation just released form D for $1.45 million equity financing. This is a new filing. Asana Medical was able to finance itself with $1.45 million. That is 100.00% of the fundraising offer. The total fundraising amount was $1.45 million. The form was filed on 2016-11-07. The reason for the financing was: The 12% convertible notes outstanding were converted in June 2016 to Series A Preferred Shares. No Additional funds raised..

Asana Medical is based in Florida. The filler’s business is Biotechnology. The D form was signed by Gerard S Coombs COO. The company was incorporated in 2013. The filler’s address is: 6135 Nw 167Th Street, Suite: E-15, Miami Lakes, Fl, Florida, 33015. Gerard S. Coombs is the related person in the form and it has address: 6135 Nw 167Th Street, Suite E 15, Miami Lakes, Fl, Florida, 33015. Link to Asana Medical Filing: 000162541116000003.

Analysis of Asana Medical Offering

On average, companies in the Biotechnology sector, sell 73.77% of the total offering size. Asana Medical sold 100.00% of the offering. Could this mean that the trust in Asana Medical is high? The average financing size for companies in the Biotechnology industry is $3.08 million. The offering was 52.84% smaller than the average of $3.08 million. Of course this should not be seen as negative. Businesses get financed for different needs and reasons. The minimum investment for this fundraising is set at $10000. If you know more about the reasons for the fundraising, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Asana Medical Also

The Form D signed by Gerard S Coombs might help Asana Medical, Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.